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Master of Business Administration- MBA Semester 1
MB0040Statistics for Management-4 Credits
(Book ID: B1731)
Assignment (60 Marks)
Note: Answer all questions (with 300 to 400 words each) must be written
within 6-8 pages. Each Question carries 10 marks 6 X 10=60
Q1. Distinguish between Classification and Tabulation. Explain the
structure and components of a Table with an example.
Meaning of Classification and Tabulation
Differences between Classification and Tabulation
Structure and Components of a Table with an example
Answer. Meaning of Classification and Tabulation
Classification
According to Secrist, Classification is the process of arranging data into sequences
and groups according to their common characteristics or separating them into
different but related parts. According to Stockton and Clark, The process of
grouping large number of individual facts and observations, on the basis of
similarity among the items is called Classification.
Tabulation
Tabulation follows classification. It is a logical or systematic listing of related data in
rows and columns. The row of

Q2. (a) Explain Arithmetic mean.

(b) The mean wage is Rs. 75 per day, SD wage is Rs. 5 per day for a group
of 1000 workers and the same is Rs. 60 and Rs. 4.5 for the other group of
1500 workers. Find the mean and standard deviation for the entire group.
Answer. (a) Arithmetic mean: Arithmetic mean is defined as the sum of all
values divided by number of values and is represented by X . Arithmetic mean is
also called average. It is most commonly used measures of central tendency.
Arithmetic Mean of a series is the value obtained by adding all the observations of a
series and dividing this total by the number of observations. There are two types of

Q3. Mr. Arun and Mr. Bhandari play a game. If Mr. Arun picks up an even
number from 1 to 6, Mr. Bhandari will pay him double the amount equal to
picked up number. If Mr. Arun picks up an odd number then he has to pay
amount equal to double the picked up number. What is Mr. Aruns
expectation?
Answer. Let Xi be the random variable and P(Xi) be its probability. The probabilities
are indicated in table.
Required Values

Q4. The probability that an employee will get an occupational disease is

20%. In a firm having five employees, what is the probability that:
i) None of the employees get the disease
ii) Exactly two will get the disease
iii) More than four will contract the disease.
Answer. Given that:
p 20/100

Q5. Microsoft estimated that out of 10,000 potential software buyers, 35%
wait to purchase the new OS Windows Vista, until an upgrade has been
released. After an advertising campaign to reassure the public was
released, Microsoft surveyed 3000 buyers and found 950 who are still
skeptical. At 5% level of significance, can the company conclude that the
population of skeptical people had decreased? 10
Answer. The procedure is explained in the following steps:

1. Null hypothesis Ho: p = .35

Alternate hypothesis H1: p < 0.35

Q6. Explain Chi-square test and the conditions for applying chi-square
test.
Answer. Chi-Square test: The Chi-square test is one of the most commonly used
non-parametric tests in statistical work. The Greek Letter 2 is used to denote this
test. 2 describe the magnitude of discrepancy between the observed and the
expected frequencies.

SUMMER-2015
Get solved assignments at nominal price of
Rs.120 each.
Mail us at: subjects4u@gmail.com or contact at
09882243490